George Michael Gerstein Showcased on Bloomberg Law for ESG Analysis

I am very proud to announce that I am featured in the “ESG Investing Spotlight” on Bloomberg Law  for my report last year, “Climate Change Defines the Fiduciary,” and my analysis of DOL Field Assistance Bulletin 2018-01. I will provide additional analysis to Bloomberg Law in the near future!

New York’s Investment Transparency Act Advances in Assembly

New York’s Investment Transparency Act, which intends to apply to broker-dealers that provide investment advice, would impose additional disclosure requirements (“I am not a fiduciary”). The bill was introduced on January 20, 2017, Inauguration Day, and is sponsored by Assemblyman Jeffrey Dinowitz.

ESG Growth in Hedge Fund Space

One of the top-of-mind issues for plan investment committees is the selection of asset class to incorporate ESG factors. Most of the attention has been on public equities, but institutional investors are increasingly asking service providers about other asset classes. Recent survey results show greater interest in pursuing an ESG strategy via hedge funds. This, of course, begs the important question as to how a committee could assess and select a hedge fund manager that has the resources and experience to effect such a strategy. Consultants and others can help in manager selection. UN PRI also provides guidance on selecting ESG hedge funds.